Highpeak Energy Inc reports results for the quarter ended June 30 - Earnings Summary

• Highpeak Energy Inc HPK.OQ reported quarterly adjusted earnings of 19 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 21 cents. The mean expectation of three analysts for the quarter was for earnings of 8 cents per share. Wall Street expected results to range from zero cents to 19 cents per share.

• Revenue fell 27.2% to $200.40 million from a year ago; analysts expected $213.79 million.

• Highpeak Energy Inc's reported EPS for the quarter was 19 cents​.

• The company reported quarterly net income of $26.18 million.

• Highpeak Energy Inc shares had fallen by 10.6% this quarter and lost 40.4% so far this year.

FORECAST CHANGES

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is "buy."

• Wall Street's median 12-month price target for Highpeak Energy Inc is $19.25, about 54.5% above its last closing price of $8.76

This summary was machine generated from LSEG data August 11 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)